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Committee reviews CESA 3 retirement offerings and declines to add extra retirement language
Summary
Committee review found many CESA 3 districts offer limited extra retirement pay; Mineral Point allows up to 55 days times per diem (about $22,385 for top-scale staff), and the committee did not support reinstating additional retirement-language at this meeting.
Committee members compared Mineral Point's retirement provisions with packages offered by other CESA 3 districts and discussed possible changes.
The minutes note many districts do not offer additional retirement pay but some combine years-of-service and unused sick leave to create larger payouts. "For anyone at the top of our payscale that would equate to $22,385," the minutes record for Mineral Point's current 55-day cap; the minutes add that other packages could "equal $52,000 - $60,000." The committee expressed no support for bringing back additional retirement language.
The minutes do not specify which districts were compared or provide a draft replacement policy; they record only the committee's conclusion not to pursue additional retirement provisions at this time.
